Today's charts: Snap gets six buy ratings; JPMorgan is bullish on Apple; Amazon Go reportedly delayed
Yahoo Finance is tracking Apple, Snap and Amazon in intraday trading on Monday.
Snap (SNAP) – The bullish calls are rolling in on Snapchat’s parent company—and shares are getting a boost. Snap received six buy ratings on Wall Street Monday morning. They came from Citi (C), Morgan Stanley (MS), Goldman Sachs (GS), RBC, Credit Suisse (CS) and Jefferies, which were all underwriters of Snap’s IPO. The banks had been subject to a 25-day quiet period following the initial public offering. Price targets from the five firms range from $27 to $31.
Apple (AAPL) – The tech giant was issued both bullish and bearish calls on Wall Street. Susquehanna sounded the alarm on Apple’s production plans for its iPhone 8. The company revised its build and ship forecast for the new device lower, to a total of 100 million iPhone 8s in the second half of the year. Its initial estimate was for a range of 110 million to 115 million units. On the flip side, JPMorgan (JPM) is bullish on the tech giant because of the iPhone 8. It added the stock to its focus list and upped its price target to $165. JPMorgan thinks users will be anxious to upgrade their devices.
Amazon (AMZN) – The Wall Street Journal is reporting that Amazon is delaying the opening of Amazon Go, which was originally scheduled to open by the end of March. The delay is reportedly due to technical difficulties.
For more on today’s big stock movers, check out the Final Round, live at 4 p.m. EDT, right here on Yahoo Finance.
